Mendon Capital Advisors Corp buys $13,776,131 stake in Ameris Bancorp (ABCB)

Ameris Bancorp (ABCB) : Mendon Capital Advisors Corp scooped up 44,750 additional shares in Ameris Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 420,004 shares of Ameris Bancorp which is valued at $13,776,131.Ameris Bancorp makes up approximately 2.51% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , Jennison Associates reduced its stake in ABCB by selling 1,559 shares or 5.25% in the most recent quarter. The Hedge Fund company now holds 28,133 shares of ABCB which is valued at $922,762. Emerald Advisers Incpa sold out all of its stake in ABCB during the most recent quarter. The investment firm sold 55,181 shares of ABCB which is valued $1,829,802.Ls Investment Advisors boosted its stake in ABCB in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 967 shares of Ameris Bancorp which is valued at $30,876. Barrett Asset Management sold out all of its stake in ABCB during the most recent quarter. The investment firm sold 256 shares of ABCB which is valued $7,795.

Ameris Bancorp closed down -0.31 points or -0.92% at $33.49 with 96,731 shares getting traded on Monday. Post opening the session at $33.68, the shares hit an intraday low of $33.36 and an intraday high of $33.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Ameris Bancorp is a financial holding company. The Company’s business is conducted primarily through its wholly owned banking subsidiary Ameris Bank (the Bank) which provides a range of banking services to its retail and commercial customers. Its customers are primarily concentrated in markets in Georgia Alabama Florida and South Carolina. It performs certain shareholder and investor relations functions. The Company maintains a diversified loan portfolio by providing a range of commercial and retail lending services to business entities and individuals. It invests in federal state and municipal obligations corporate obligations public housing authority bonds industrial development revenue bonds securities issued by Government-Sponsored Enterprises (GSEs) and satisfactorily-rated trust preferred obligations. The Company provides a range of deposit accounts and services to both retail and commercial customers.

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